Hong Kong SAR, China: Photo Camera Market 2023

Photo Camera Market Size in Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in the Hong Kong photo camera market, when its value increased by 11% to $X. In general, consumption, however, recorded resilient growth. Photo camera consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Photo Camera Production in Hong Kong SAR, China

In value terms, photo camera production reached $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 500% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Photo Camera Exports

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in shipments abroad of photographic (other than cinematographic) cameras, which increased by 5.8% to X tons in 2021. In general, exports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2019 when exports increased by 54% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, photo camera exports shrank to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 120%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped in the following year.

Exports by Country

China (X tons) was the main destination for photo camera exports from Hong Kong SAR, accounting for a 45% share of total exports. Moreover, photo camera exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Australia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.8% per year) and Australia (+7.9% per year).

In value terms, China ($X) remains the key foreign market for photo camera exports from Hong Kong SAR, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.9% share of total exports. It was followed by Taiwan (Chinese), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.5% per year) and Taiwan (Chinese) (-4.7% per year).

Export Prices by Country

The average photo camera export price stood at $X per ton in 2021, with a decrease of -15.3% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 69%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Hong Kong SAR, China

Photo camera imports into Hong Kong SAR fell slightly to X tons in 2021, approximately mirroring 2020 figures. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 when imports increased by 35%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, photo camera imports surged to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.9% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 43%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of photo camera to Hong Kong SAR, accounting for a 54% share of total imports. Moreover, photo camera imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-2.0% per year) and Vietnam (+30.9% per year).

In value terms, Israel ($X) constituted the largest supplier of photo camera to Hong Kong SAR, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Japan (+6.1% per year).

Import Prices by Country

In 2021, the average photo camera import price amounted to $X per ton, rising by 27% against the previous year. Overall, the import price saw a resilient expansion. The growth pace was the most rapid in 2015 an increase of 100%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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